GTCO to pay N0.30kobo dividend per share, as net profit falls

Guaranty Trust Holding Company’s (GTCO) net profit fell by 2.33% in the first half of 2022, while net interest income increased during the same period this year, according to ripplesnigeria report.Information Guide Nigeria

Guaranty Trust Holding Company reported that this year’s net interest income increased to N120.84 billion from January to June, surpassing its reported N10.705 billion in the same period last year.

According to financial statements covering the company’s profit for the first half of this year, GTCO said its pre-tax profit increased to N10.324 billion from N9.305 billion recorded in the first half of 2021.JAMB Result

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After paying N2.569 billion in taxes in this period, it far exceeded the N1.364 billion he paid in the same period last year, and the company’s net profit fell by -2.33%.

Records show Guaranty Trust Holding Company’s after-tax profit was less than N1.85 billion, considering the financial institution posted a net profit of N7.941 billion between January and June 2021. However, including retained earnings, it was not possible to exceed N77. 55 billion in the first half of 2022.

Given the low net profit, GTCO will pay a dividend of N0.30 Kobo for each N0.50 Kobo ordinary share to shareholders whose names are on the membership register on September 12, 2022. said.

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